Young woman builds business empire from R1,000
When Promise Machimane, 32, was retrenched from her bank job, she struggled to find employment for a number of years, a story that thousands of young people can relate to. Despite the depressing period of unemployment after having lost her job with six years of experience, Machimane decided to... Read more
Tough times no reason not to start a business
Following a technical recession in Q1, and with slow economic growth forecast, South Africa can expect tough economic times ahead. But this is no reason not to start a new business, says Nedbank. Nedbank economist Busiswe Radebe says the global economic picture is uneven, with regions like the US... Read more
Lemok Digital Agency gives rise to township development
Having worked on marketing strategies for brands such as 8.ta, Lenovo and New Balance South Africa, Lebogang Mokubela saw the need to apply what he had learned within his own community and started Lemok Group; a township based Investment Company, in September 2015. In 2016, Lemok Group was nominated... Read more
KZN’s Operation Vula to boost small business, transform economy
The KwaZulu-Natal Provincial Government has launched a ground-breaking policy programme geared towards improving the participation of small businesses and small scale farmers in the economy. “Operation Vula” and its subsidiary, known as the Radical Agrarian Socio-Economic Transformation (RASET), were launched by President Jacob Zuma and the KZN provincial government in Ixopo... Read more
Volkswagen supports the VWSA B-BBEE Initiative Trust
Today marked another significant day for black-owned suppliers in the automotive sector, with the official launch of the Volkswagen B-BBEE Initiatives Trust.  Although established in 2016, it was publicly launched today to showcase the Trust and explain its objectives to suppliers, potential partners and the public in general. The... Read more
First-ever summit marks government, youth economic collaboration
The Eastern Cape Department of Economic Development, Environmental Affairs and Tourism (DEDEAT) says with increased support from national and provincial government and its various entities, young entrepreneurs and cooperatives have the opportunity to become a greater role player in the economy. The Department, which is one of the main... Read more
Calls for departments to support youth-owned enterprises
As South Africa commemorates youth month, Small Business Development Minister Lindiwe Zulu has called on departments to support businesses that are owned by young people. The Minister said this when government’s economic cluster Ministers went to the National Assembly to answer oral questions on Wednesday. “What we would like... Read more
SMEs should take advantage of the tax incentives for PV systems
Businesses that make use of renewable energy solutions are entitled to tax incentives that could substantially drive down their operating costs. All businesses, especially small to medium enterprises (SMEs), should take advantage of this opportunity This according to Cala van der Westhuizen, Spokesperson for Energy Partners Home Solutions, a... Read more
SOUTH African entrepreneurs across all sectors have the opportunity to share their views and make their voices heard in the country’s largest entrepreneurial survey, The State of Entrepreneurship in South Africa 2017 – The Entrepreneur’s View. The survey comes as high unemployment and poor growth remain among the most... Read more
GIVEN the endless stream of inspiring media stories that detail the increase of entrepreneurs to positions of power and the rise of the Unicorn businesses (mostly in the tech sector), it is unsurprising that many young and ambitious South Africans are set on becoming entrepreneurs. Worryingly, however, it appears... Read more